PC market recovery gathers pace as Intel, AMD tout potential of 'AI PC'

- The earnings of Intel and Advanced Micro Devices have offered more evidence a recovery is gathering pace in the personal computer market, boding well for an industry that had been grappling with a supply glut after the pandemic.

AI-enabled PCs refer to machines that come with advanced chips capable of running large-language models and apps powered by the technology directly on the device, instead of the cloud. "We are finally starting to see a bottoming of this trend. This should lead to a typical inventory refresh and an improvement in the market."

It expects the adoption of AI-capable PCs to speed up from 2025 onwards, and make up around 60% of all PCs shipped in 2027.Still, some investors see the lack of AI apps as a potential hurdle for their adoption. Microsoft is so far the only major firm to create such offerings with its genAI-powered Copilot software that became available for its Microsoft 365 enterprise customers on Wednesday.

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AMD Q3 earnings beat, but outlook disappointsAdvanced Micro Devices (AMD) reported third quarter results that beat analyst estimates. Adjust earnings of $0.70 per share, compared to estimates of $0.68...
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AMD beats earnings estimates, misses Q4 guidanceThe chipmaker is betting its new chips can help it gain position in the AI race.
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